What is PCI compliance?

PCI Compliance refers to adherence to a set of security standards created by the Payment Card Industry Data Security Standard (PCI DSS) Council for companies that accept, process, store or transmit credit card information. Developing these standards aims to protect sensitive cardholder data from theft or compromise.

Why is it important?

Being PCI compliant is essential to protecting customers' sensitive financial information and ensuring that the company can maintain trust with its customers. Further, non-compliance can result in damage to a company's reputation along with hefty fines and penalties.